Business description: Nel ASA

Nel ASA is a Norway-based hydrogen company that delivers solutions to produce, store and distribute hydrogen from renewable energy. The Company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. The Company's business activities are divided into two operation segments: Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment is a manufacturer of hydrogen fueling stations for Fuel Cell Electric Vehicles. Nel’s H2Station manufacturing plant is located in Herning, Denmark. The Nel Hydrogen Electrolyser segment is a global supplier of hydrogen production equipment based on both alkaline and proton exchange membrane (PEM) water electrolysis technology. Nel Hydrogen Electrolyser has production facilities in Heroya, Norway, and in Wallingford, USA.

Number of employees: 346

Sales by Activity: Nel ASA

Fiscal Period: December 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK) 2025 (NOK)

Nel Alkaline Electrolyser

- - - 1.01B 562M

Nel Pem Electrolyser

- - - 381M 401M

Nel Hydrogen Fueling

317M 208M 331M - -

Electrolyser

436M 707M 1.35B - -

Geographical breakdown of sales: Nel ASA

Fiscal Period: December 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK) 2025 (NOK)

USA

366M 441M 890M 156M 505M

Europe Ex Norway

269M 268M 481M 415M 191M

Norway

5.02M 6.5M 44.12M 36.74M 97.75M

Asia

81.16M 137M 159M 196M 78.04M

Oceania

5.77M 1.51M 6.56M 52.21M 54.04M

Africa

1.66M 13.21M 12.58M 8.34M 13.51M

South America

2.08M 3.49M 9.26M 7.93M 10.21M

North America (Ex United States)

13.56M 17.89M 32.53M 509M 8.44M

Middle East

9.22M 26.22M 45.72M 9.77M 4.59M

Executive Committee: Nel ASA

Manager TitleAgeSince
Chief Executive Officer 50 30/06/2022
Director of Finance/CFO 50 29/02/2020
Chief Tech/Sci/R&D Officer - 31/05/2023
Investor Relations Contact - 28/02/2022
Corporate Officer/Principal - 30/09/2024

Composition of the Board of Directors: Nel ASA

Director TitleAgeSince
Director/Board Member 54 14/05/2017
Director/Board Member 58 30/04/2019
Director/Board Member 60 12/05/2020
Director/Board Member 72 12/05/2020
Chairman 68 31/03/2025
Director/Board Member 59 20/04/2023
Director/Board Member 61 31/12/2024

Shareholders: Nel ASA

NameEquities%Valuation
9.091 %
167,132,530 9.091 % 36 M kr
Legal & General Investment Management Ltd.
0.9634 %
17,711,617 0.9634 % 4 M kr
Folketrygdfondet
0.9543 %
17,544,526 0.9543 % 4 M kr
green benefit AG
0.6365 %
11,701,286 0.6365 % 3 M kr
Montpensier Arbevel SAS
0.3905 %
7,179,070 0.3905 % 2 M kr

Holdings: Nel ASA

NameEquities%Valuation
418,033 0.02% 90 638 $

Company details: Nel ASA

NEL ASA

Karenslyst allé 49

0279, Oslo

+47 23 24 89 50

http://www.nelhydrogen.com
address Nel ASA(NEL)

Group companies: Nel ASA

NameCategory and Sector
Chemicals: Specialty
Chemicals: Specialty

Other Renewable Energy Equipment & Services

Change 5d. change 1-year change 3-years change Capi.($)
+3.70%+16.13%+14.55%-80.81% 479M
-1.13%-2.35%+161.58%+684.49% 170B
+0.76%+1.48%+142.96%+80.47% 40.71B
-0.90%-0.06%+21.58%-65.93% 5.66B
-0.58%+5.13%+71.14%-20.70% 5.48B
-0.93%-1.58%+110.97%-36.21% 3.15B
+0.78%+28.23%+47.48%+37.82% 2.74B
+0.85%+3.87%+86.12%-63.15% 1.17B
-0.62%+0.25%+24.22% - 619M
+7.63%+31.08%+215.60%+1,241.57% 548M
Average +0.98%+7.41%+89.62%+197.51% 23.07B
Weighted average by Cap. -0.47%+2.01%+149.74%+520.74%
Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
12
Last Close Price
2.430NOK
Average target price
2.136NOK
Spread / Average Target
-12.08%

Quarterly revenue - Rate of surprise